Institutional acceptance of cryptocurrencies is on the rise. It is now commonplace for giant companies to invest in cryptocurrencies. In addition, a lot of progress has been made in the fight against regulators. According to a breaking news report, JPMorgan, the largest bank in the USA, is entering the cryptocurrency space.
JPMorgan prepares to launch cryptocurrency
cryptocoin.com The crypto world continues to make progress in adoption. According to Bloomberg’s report, JPMorgan Chase & Co. In the early stages of issuing a blockchain-based crypto deposit token. The largest bank in the US is making this move to speed up cross-border payments and settlement.
According to the source, the largest US bank has developed most of the basic infrastructure needed to run the new form of payment. However, since the matter is private, the source noted that the project will not create the token unless approved by US regulators. The person in question said that the bank will be able to make the product available to corporate customers less than a year after getting approval.
Details are coming…
